U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® review | finder.com

U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® review – August 2018

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Among lucrative features: no annual fee, a solid signup bonus, an intro purchase APR and strong cash back.

30-second take

  • Get this card if you want an excellent cashback card — with no annual fee.
  • Pick something else if you want travel rewards or a larger signup bonus.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameU.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®
Card TypeMastercard
Annual Fee$0
APR (Annual Percentage Rate) for Purchases13.74% to 24.74% variable
Introductory Purchase APR0% for the first 9 billing cycles (then 13.74% to 24.74% variable)
Balance Transfer Fee3% or $5 of the transaction, whichever is greater
Cash Advance Rate25.74% variable
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Foreign Transaction Fee3% of the transaction value
Interest Free PeriodUp to 24 days
Minimum Interest$2
Late Payment Fee$39
Returned Payment Fee$35
Additional Cardholder Fee$0
Minimum Age18 years of age
Welcome BonusEarn 200 cash back after spending $1,000 in the first 90 days
Reward Value per Dollar1% cash back

The basics

The U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® is an excellent card with a slew of benefits. First, you’ll like the $0 annual fee, solid signup bonus and intro purchase APR. Next, you’ll enjoy 3% cash back in eligible gas, cellular and office supply purchases for as long as you have the card.

A nice touch is the card’s 25% bonus on the cash back you earn each card year. In lieu of bells and whistles you might find with other business cards, this perk is simple but effective.

The perks

  • Annual fee: $0.

    A $0 annual fee makes it easier to keep the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® card long term. Many business credit cards come with a $95 annual fee starting the second year, making this one a good option if you don’t want to pay for a card.

  • Signup bonus: $200 cash back.
    After you spend $1,000 in eligible net purchases on a single card in the first 90 days, you’ll receive $200 cash back.

    This signup bonus is comparable to other no-annual-fee cards . But if you want a stronger signup bonus, consider annual-fee business cards: Many offer bonuses of $500 or more.

  • Intro APR: 0% intro APR on purchases for 9 billing cycles.

    You’ll receive a 0% intro APR on purchases for the first 9 billing cycles after opening your account. After that, your purchase APR reverts to 13.74% to 24.74% variable. This is a solid intro purchase APR for a business card.

  • Rewards: Up to 3% cash back.

    Earn 3% cash back on gas purchases of up to $200 and on cellular and office supply purchases. Considering you can earn unlimited cash back, this is a strong rewards rate. Plus, you’ll earn these rewards in a good mix of common business categories.

    On all other eligible purchases, you’ll earn 1% cash back.

  • 25% annual bonus.

    Each year after your card anniversary, you get a bonus worth 25% of your prior year’s cash back. The maximum bonus is $250.

    This perk significantly increases your cashback rate. If you spend a lot, it effectively boosts your 3% cashback rate to 3.75% and your 1% cashback rate to 1.25%.

You’ll also like

  • Customized employee cards.

    Set spending limits by location, place and dollar amount. Further customize when payments are due for employee cards.

What to watch out for

  • No intro APR for balance transfers.

    You’ll receive an intro APR only for purchases. For balance transfers, you’ll receive a 13.74% to 24.74% variable APR right away.

  • Potentially high APR.

    Depending on your creditworthiness, you could receive an ongoing purchase and balance transfer APR as high as 24.74% variable.

  • Penalty APR.

    U.S. Bank may raise your purchase, balance transfer and cash advance APR up to 29.99% variable after one late or returned payment or if you exceed your credit limit two times in 12 consecutive months. This rate applies until you make six consecutive minimum payments on time and don’t exceed your credit limit in that same period.

Consider other cards if …

  • You want travel rewards.

    You have many excellent travel cards to choose from, such as the Ink Business Preferred℠ credit card, Spark® Miles for Business and The Business Platinum Card® from American Express. Redeem earned travel rewards for flights, hotels, car rentals and more.

  • You want a stronger signup bonus.

    The U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® offers $200 cash back after you spend $1,000 in eligible net purchases in the first 90 days your account is open.

    If you’re willing to pay for a business card, you’ll find very strong signup bonuses. For example, the Ink Business Preferred℠ credit card has a $95 annual fee, but it offers 80,000 bonus points after you spend $5,000 on purchases in the first three months of card membership. When you redeem the points through Chase Ultimate Rewards, they’re worth $1,000.

  • You want a market-leading intro APR.

    Consider the Blue Business℠ Plus Credit Card from American Express, which offers a 0% intro APR on purchases and balance transfers for 15 months after opening your account. After that, the purchase and balance transfer APR reverts to 12.99%, 16.99% or 20.99% variable.

    The Ink Business Cash℠ credit card offers a 0% intro APR on purchases and balance transfers for 12 months after opening your account. After that, the purchase and balance transfer APR reverts to 14.99% to 20.99% variable.

  • You want the same rewards rate for all purchases.

    Consider the Spark® Cash Select for Business, which offers flat cash back. If you want a flat rate on travel rewards, try the Spark® Miles for Business or Spark® Miles Select for Business.

  • You have fair credit.

    Look into the Spark® Classic for Business, which is available to business owners with average credit. It offers 1% cash back on all purchases and has a $0 annual fee.

Compare business credit cards

Updated August 20th, 2018
Name Product APR (Annual Percentage Rate) for Purchases Introductory Purchase APR Annual Fee
None (Charge Card)
$450
Earn 75,000 Membership Rewards® points after you spend $20,000 on purchases within your first 3 months of card membership.
$0 annual fee for the first year ($250 thereafter)
This Charge Card gives you the option to pay in full each month or to carry a balance for up to 60 days with no interest.
$0 annual fee for the first year ($175 thereafter)
13.99%, 18.99% or 20.99% variable
0% for the first 9 months (then 13.99%, 18.99% or 20.99% variable)
$0
Earn cash back with buying power to help pay for business needs.
14.99% to 20.99% variable
0% for the first 12 months (then 14.99% to 20.99% variable)
$0
$500 bonus cash back after you spend $3,000 in the first 3 months
17.74% to 22.74% variable
$95
80,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®.
17.74% to 24.74% variable
$99
75,000 Bonus points after you spend $3,000 on purchases in your first 3 months from your account opening with your Marriott Rewards Premier Business credit card.
24.74% variable
$0
Get the credit you want for your business, and unlimited 1% cash back on every purchase, every day
14.74%, 18.74% or 22.74% variable
0% for the first first 9 months (then 14.74%, 18.74% or 22.74% variable)
$0
Unlimited 1.5X miles per dollar on every purchase, every day
18.74% variable
$0 annual fee for the first year ($95 thereafter)
Unlimited 2X miles per dollar on every purchase, every day
14.74%, 18.74% or 22.74% variable
0% for the first 9 months (then 14.74%, 18.74% or 22.74% variable)
$0
Unlimited 1.5 cash back on every purchase, every day.
18.74% variable
$0 annual fee for the first year ($95 thereafter)
Unlimited 2% cash back from Spark Cash could mean thousands of dollars each year going back into your business. No minimum to redeem.
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
17.74% to 24.74% variable
$99
Earn 2x points on Southwest® purchases and 1x point on all other purchases. Plus 6,000 anniversary bonus points.
17.74% to 25.74% variable
$0 annual fee for the first year ($95 thereafter)
Earn 70,000 American Airlines AAdvantage® bonus miles after you spend $3,000 in purchases within the first 3 months of account opening.

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What size business is the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® good for?

The U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® is an excellent choice for businesses of all sizes. It has no annual fee, so it’s accessible to small businesses with tight budgets. It also comes with helpful perks like a signup bonus and an intro purchase APR.

Most notably, the card offers great cash back in common business categories — and your rewards aren’t capped.

What should I know before I apply?

To apply for the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®, you must be:

  • At least 18 years old.

Information you’ll need

To complete the application, you’ll provide information about yourself and your business that includes:

  • Your name and contact information, including your email address and phone number.
  • Your Social Security number and date of birth.
  • Financial information like your annual income and ownership percentage of your business.
  • The name of your business, its mailing address and its phone number.
  • Your business type and business structure.
  • Your years in business, gross annual sales and expected monthly cash transactions.
  • Your federal tax ID.

What credit score do I need?

You’ll have a better chance of approval for the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® if you apply with a good to excellent credit score of 670 or higher. If you have a healthy business and excellent credit, your likelihood of approval is strong.

Here are a few other factors that might affect your odds of approval:

  • Hard pulls on your credit report. If you have several hard inquiries — or hard pulls — on your report, it could imply you’re having trouble managing your debt. U.S. Bank might think you’re desperate for credit and may be less likely to take you on as a customer.
  • Factors that tie into your credit score. Your credit utilization is a major factor U.S. Bank considers. The bank prefers a customer with low balances relative to their credit limit. Having many new card accounts may be a red flag too, as it could indicate you’re desperate for credit. It may also give the impression that you’re a flighty customer who’s just hunting for signup bonuses.

Always consider your options and your financial situation before you apply for a credit card.

What do customers say about the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®?

U.S. Bank has been accredited with the Better Business Bureau since 1970 and earns an overall B rating. As of June 2018, however, 98% of its reviews are negative — and it has nearly 2,000 customer complaints. U.S. Bank customers in general complain of duplicitous customer service reps, issues disputing charges and inflexible company policies.

The company earns a Trustpilot score of 4.1 out of 10. Many negative reviews cite unhelpful customer service and unethical activities.

How to apply for the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®

  1. On the U.S. Bank website, click Apply now.
  2. Complete the application with details like your name, address, annual income, Social Security number and business information.
  3. Review and submit your application.

How long will it take to get my U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®?

Because conditional credit card approval is automated on the website, you may get a decision on your application within minutes. If there are issues with your application, it could take a few days to a few weeks to hear back.

After you’re approved, you’ll typically receive your card by mail within 10 business days.

I got the card. Now what?

  • Make payments on time. Register an account on U.S. Bank’s website to pay your balance online. You can also enroll in autopay.
  • Avoid interest. Late and overlimit fees run as high as $39. Returned payments cost $35 each.
  • Contact customer service. For questions about your account, call the number on the back of your card. Or call 800-872-2657 to reach U.S. Bank’s general help line.

Bottom line

The U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® is an excellent card, offering several features business owners love. Most notable is the unlimited cash back on eligible gas, cellular and office supply purchases, which are common business categories. And the 25% annual cashback bonus is a lucrative sweetener.

If you’re in the market for features better tailored to your company’s spending, consider other business rewards cards.

Frequently asked questions

Images: USBank.com

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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